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Rep. Maxine Waters (D-Calif) says she wants to set the record straight.
In a letter, published in the Wall Street Journal Friday, the Congresswoman challenged a June 14 editorial in the financial news publication that warned the public that the financial reform bill currently undergoing the reconciliation process in Congress threatens the independence of the Federal Reserve.
The House overwhelmingly approved a bill Thursday aimed at helping the Federal Housing Administration rebuild its capital reserves.
The bill, which passed 406 to 4, will allow the FHA to raise annual premiums on borrowers, helping to bolster its Mutual Mortgage Insurance Fund. The fund has seen loan losses deplete its capital ratio to 0.53%, well below its statutory minimum of 2%.
By Peter Eichenbaum and Patrick O'Connor
June 17 (Bloomberg) -- U.S. Senator Richard Durbin, faced with growing opposition and slipping support for his proposal to cap debit-card "swipe" fees, said he is working to exempt prepaid cards governments use to distribute benefits.
By Howard Blume
Under pressure from local community leaders, the federal Office for Civil Rights will look at whether low academic achievement of African American students results from discrimination -- intentional or not -- by the Los Angeles Unified School District.
By Joe Flint
During Monday's House Judiciary Committee hearing on Comcast's proposed takeover of NBC Universal, Rep. Maxine Waters (D-Calif.) lamented the lack of TV shows aimed at minority viewers in general and black viewers in particular.
By Yussuf J. Simmonds
It was a field hearing of the Congressional Committee on the Judiciary, which was chaired by Representative John Conyers (MI-14) along with Representatives Judy Chu (CA-32), Steve Cohen (TN-9), Louie Gohmert (TX-1) and Maxine Waters (CA-35).